This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2016-04-05 01:46:17] BitMEX_Sam : For users who have low-latency requirements, they can grab prices directly from the exchange, and grab weights from kaiko once a month at 12 UTC
[2016-04-05 01:47:13] BitMEX_Sam : I really enjoy the idea of Tradeblock XBX, especially after the BFX flash crash, but I'm afraid it causes a few more issues than it solves
[2016-04-05 01:47:35] micmix : BTW, can you add an API endpoint to get the current weights directly from BitMEX?
[2016-04-05 01:48:03] micmix : for Kaiko index I mean
[2016-04-05 01:48:32] BitMEX_Sam : Yeah absolutely
[2016-04-05 01:48:54] BitMEX_Sam : I'll talk to Wally about the specifics but we'll have a separate one that just sends the weights.
[2016-04-05 01:49:45] j8 : and the weights are just rolling 30-day volume, so you could preempt the new weights if you wanted, for the quarterlies
[2016-04-05 01:50:04] micmix : cool, and maybe a ws message when updated
[2016-04-05 01:50:06] BitMEX_Sam : Yes, that's true
[2016-04-05 01:51:01] BitMEX_Sam : micmix: That's a good idea. We generally don't have JSON columns in the engine, I'll see if we can come up with some more graceful that's easy to anticipate, so tooling can just grab the new weights at the end of the month without much fuss
[2016-04-05 01:59:46] micmix : BitMEX_Sam: ws is nice but REST is fine too, just need to know the exact time when the weights are updated. I would suggest to update at 12:00 UTC when 24H is re-listed
[2016-04-05 02:01:35] micmix : but I think 00:00 would work too, I doubt the index change will be big enough to cause problems
[2016-04-05 02:03:54] BitMEX_Sam : We'll have the update right away, so we could certainly update the REST endpoint then and there
[2016-04-05 02:05:38] omnifoundation : Hey everyone
[2016-04-05 02:05:57] omnifoundation : I am apparently holding 30-50% of the OI for 7D XBT futures most of the time
[2016-04-05 02:06:03] omnifoundation : for Theta
[2016-04-05 02:06:15] omnifoundation : am I the only account that hedges BTC for theta returns?
[2016-04-05 02:07:54] micmix : omnifoundation: yes, you are the only one. all bitcoiners are children playing with lunch money ;-)
[2016-04-05 02:08:08] omnifoundation : lol
[2016-04-05 02:08:30] omnifoundation : I'm trying to make a payroll with Theta
[2016-04-05 02:08:56] omnifoundation : need to tweak it up but it helps, combined with Polo BTC return rates in March, it was pretty solid
[2016-04-05 02:09:30] micmix : nice work! I think there are only 4-5 people here who know what Theta is
[2016-04-05 02:10:03] omnifoundation : and I'm probably the only one who worries about being short Gamma
[2016-04-05 02:10:22] omnifoundation : Theta? what's that? I want leverage!
[2016-04-05 02:10:39] micmix : give me 1000x lol
[2016-04-05 02:13:47] omnifoundation : leveraged Theta is my next project after I get this f990 filed
[2016-04-05 02:16:53] micmix : is Gamma as far as you go? what about Vega?
[2016-04-05 02:17:15] micmix : we had huge changes in volatility
[2016-04-05 02:27:24] omnifoundation : I guess you can calc vega based on premiums, sure
[2016-04-05 02:27:29] omnifoundation : I used to trade condors and whatnot
[2016-04-05 02:27:46] omnifoundation : I think of Vega being more relevant to options
[2016-04-05 02:28:26] omnifoundation : for me, I'd rather 20x leverage long OkCoin Quarterly and 20x short it here to capture a 100% return in 3 months
[2016-04-05 02:28:43] omnifoundation : haha ok they have a think that censors mentions of the other exchange
[2016-04-05 02:29:05] omnifoundation : poloniex, bittrex, bitvc, huobi, okcoin, bitfinex
[2016-04-05 02:29:13] omnifoundation : haha
[2016-04-05 02:29:32] omnifoundation : one thing I really like about working with the Bitmex guys, they're sharp, but they have a great sense of humor
[2016-04-05 02:30:21] omnifoundation : because I can delta hedge on shorter-term futures if this thing really trends so it's not such a mad-house as shorting an Iron Condor during a stock market collapse, risk management wise
[2016-04-05 02:30:46] omnifoundation : 796
[2016-04-05 02:30:56] omnifoundation : ok I guess they don't consider them real competition
[2016-04-05 02:31:54] omnifoundation : cyclically now is a risky time to short volatility but structurally with futures, you're only as run-over by it as the market actually moves
[2016-04-05 02:32:04] j8 : omnifoundation: so you're the one that's been selling down `XBTM16`
[2016-04-05 02:32:34] omnifoundation : no I'm waiting until I get it automated and also for the premium to get more blown out
[2016-04-05 02:33:10] omnifoundation : probably that would be folks taking Arthur's reco in the newsletter and spreadding it with Sep
[2016-04-05 02:33:27] omnifoundation : my point being it's not as risk as shorting vol with options
[2016-04-05 02:33:58] omnifoundation : you short iron condors each month, maybe wide ones, the VIX pops, you're in serious trouble
[2016-04-05 02:34:09] omnifoundation : but let's say I had 500 BTC exposure in the woodchipper spread
[2016-04-05 02:34:20] omnifoundation : and BTC trended to 600 in the meantime
[2016-04-05 02:34:46] omnifoundation : I'm getting a net spread of about 10% between them, realized in Theta
[2016-04-05 02:35:01] omnifoundation : also the CNY premium blows out again, saving one's ass a bit
[2016-04-05 02:35:14] omnifoundation : right now it's settled to be near USD, so the two indices are close
[2016-04-05 02:35:28] omnifoundation : but then you lose on the gamma
[2016-04-05 02:35:52] omnifoundation : so you'd have to take your unrealized profits on Okcoin and delta hedge along the way to keep up
[2016-04-05 02:35:52] j8 : maybe given the premium and volatility it's less risk, but you're actually shorting vol^2 with quantos
[2016-04-05 02:36:27] j8 : so it could blow out in a big way.
[2016-04-05 02:36:41] omnifoundation : my XBT exposure for the same starting exposure on a 50% trend move in BTC would be 50% lower there and 50% higher here
[2016-04-05 02:37:11] omnifoundation : if the CNY premium goes from 0 to 10% like last time, that makes it less harsh, but yeah I see what you're saying
[2016-04-05 02:37:24] omnifoundation : you'd have to be delta hedging a lot
[2016-04-05 02:37:29] omnifoundation : it's not such an easy income
[2016-04-05 02:37:35] j8 : yes the china fomo saves that strategy on an up move
[2016-04-05 02:37:56] micmix : IDK, I still show Vega in our system, not sure if anyone pays attention to it though :-)
[2016-04-05 02:38:03] omnifoundation : I just want to lose a lot of money on a "riskless" strategy so I can feel like Myron Scholes
[2016-04-05 02:38:24] omnifoundation : but the CNY spread is a sort of Vega as well, for the whole complex
[2016-04-05 02:38:48] omnifoundation : linked to CNH historical volatility in a high correlation probably
[2016-04-05 02:39:42] omnifoundation : yeah so before I try putting on any leveraged spreads like that I'm going to need to get the simpler stuff running better so I can count on delta hedging
[2016-04-05 02:39:56] omnifoundation : cheapest place to do that is the .cn site of Woodchipper
[2016-04-05 02:40:16] omnifoundation : but then, I do pay creedence to Arthur's notion that they will Gox a lot of people sometime
[2016-04-05 02:40:54] omnifoundation : so I when trading on .cn I just pay their mafia fixed spot interest rate and try to beat the vig with the mean-reversion, keep my capital outlay minimal
[2016-04-05 02:41:15] omnifoundation : this is so refreshing compared to shouting over people at Polo's trollbox
[2016-04-05 02:42:03] omnifoundation : those guys base most of their decisions on round number bias
[2016-04-05 02:43:04] omnifoundation : not all but some clearly, looking at these alt charts
[2016-04-05 02:43:12] omnifoundation : you guys trade alts?
[2016-04-05 02:43:45] j8 : i have a small short on eth that i kinda forgot about
[2016-04-05 02:44:40] omnifoundation : here or there?
[2016-04-05 02:44:46] j8 : there
[2016-04-05 02:44:53] omnifoundation : carry cost
[2016-04-05 02:45:38] omnifoundation : seems historically there is little premium in the ETH futures
[2016-04-05 02:45:45] j8 : 0.02% now but it's 2 day loans right
[2016-04-05 02:46:23] omnifoundation : if they can't make proof-of-stake work, they can't reduce inflation, they can't make the total return trade-off worth it, they can't make ETH as a currency work as money-good collateral for decentralized banking
[2016-04-05 02:46:37] omnifoundation : but now I'm talking my book
[2016-04-05 02:47:01] omnifoundation : I was very pleased when BTC call rates hit 35 points a day in March, that was nuts
[2016-04-05 02:47:21] omnifoundation : I had maybe 5 or so getting 75 points a day for about 6 hours, that was the extreme of mania
[2016-04-05 02:47:54] omnifoundation : I got 25bps for about a week on most of my portfolio and 15 bps avg. for the month
[2016-04-05 02:48:11] omnifoundation : plus maybe 10 points a day in theta from my hedges here
[2016-04-05 02:48:15] omnifoundation : minus fees
[2016-04-05 02:48:29] kingscrown : https://twitter.com/kingscrownBTC/status/717181933843832832
[2016-04-05 02:49:39] omnifoundation : EUR/USD over the OmniDex is happening soon via Tether
[2016-04-05 02:49:44] omnifoundation : futures coming down the pike
[2016-04-05 02:50:09] omnifoundation : kingscrown: that's like 1broker?
[2016-04-05 02:52:30] omnifoundation : it's a nice site, you guys should consider integrating Tether as a form of deposit/withdrawal, plugged in with Bitfinex and Polo so it's a good way to acquire customers
[2016-04-05 03:08:37] omnifoundation : I just reached out to them, thanks for the link
[2016-04-05 03:28:37] REKT : Liquidated long on `ETH7D`: Sell 269 @ 0.02612
[2016-04-05 03:31:53] REKT : Liquidated long on `ETH7D`: Sell 577 @ 0.02600
[2016-04-05 03:52:01] REKT : Liquidated long on `ETH7D`: Sell 3203 @ 0.02568
[2016-04-05 06:11:38] rapidtrades : if this faggy $4 jump all we get
[2016-04-05 07:00:22] Kahuna : how to close position?
[2016-04-05 07:02:59] Kahuna : hello?
[2016-04-05 07:04:44] habibi : Kahuna: just "open" the opposite to ur position
[2016-04-05 07:05:17] mwalshe99 : wow had a stop order open and it didnt get executed
[2016-04-05 07:05:48] mwalshe99 : kinda lucky as it would have been a losing position but still should have executed
[2016-04-05 07:05:50] habibi : so u probally set it wrong
[2016-04-05 07:06:02] Kahuna : thanks :-)
[2016-04-05 07:06:03] mwalshe99 : nope
[2016-04-05 07:06:12] mwalshe99 : the order isn't even there anymore which is more weird
[2016-04-05 07:06:38] mwalshe99 : OHHH MY BAD CANCELLED IT
[2016-04-05 07:06:41] mwalshe99 : ignore me
[2016-04-05 07:07:19] habibi : yep, agree
[2016-04-05 07:08:24] mwalshe99 : wow thats cold
[2016-04-05 07:20:19] rapidtrades : will okc never catch up to finex...like wtf
[2016-04-05 07:22:34] rapidtrades : and there goes the MOF interveening...what a bunch of wankers
[2016-04-05 07:26:29] miramm1115 : took 6h45m to get out of a short here, takes less than 10m on okc :-(
[2016-04-05 07:28:26] miramm1115 : not much selling here
[2016-04-05 07:31:06] rapidtrades : miramm1115: well the upmove didn't help
[2016-04-05 07:32:12] rapidtrades : liquidity is lower here that's for sure
[2016-04-05 07:57:17] miramm1115 : yeah, it's not a problem on okc even during a pump, ppl are still selling enough. not enough regular traders for the number of MM and arb bots here
[2016-04-05 07:58:06] REKT : Liquidated short on `ETH7D`: Buy 3 @ 0.02575 :punch: :whale:
[2016-04-05 08:02:01] REKT : Liquidated long on `XBT24H`: Sell 10000 @ 421.13
[2016-04-05 09:39:45] Kahuna : Hi, why only batchwithdrawal once a day?
[2016-04-05 09:43:52] Kahuna : that is not like other crypto exchanges
[2016-04-05 09:52:57] BitMEX_Wally : Kahuna: It is for security: https://www.bitmex.com/app/security#wallet-security
[2016-04-05 09:53:25] Kahuna : thank you
[2016-04-05 09:59:09] Kahuna : what time is the batch transfer planned?
[2016-04-05 10:00:43] BitMEX_Wally : Withdrawals are processed each day at 13:00 UTC which is 3 hours from now
[2016-04-05 10:09:51] kogroken : So quiet. Not a trade on XBT24H for almost two hours.
[2016-04-05 10:15:38] BitMEX_Wally : Today is a public holiday in China
[2016-04-05 10:16:08] kogroken : Ah, that may help explain it
[2016-04-05 11:00:48] Kahuna : BitMEX_Wally: thanks again Wally
[2016-04-05 11:53:23] rapidtrades : gud morning
[2016-04-05 11:59:23] rapidtrades : why is it so f laggy
[2016-04-05 13:56:16] sleger : why do you keep repeating yourself ? It's not laggy, it's most likely your AOL connection
[2016-04-05 14:03:12] rapidtrades : sleger: my connection is fine, but im on a laptop
[2016-04-05 14:03:28] rapidtrades : still its a known ''bug'' that as time goes on, this tab clogs up memory
[2016-04-05 14:04:22] rapidtrades : guess i could upgrade but its really annoying to throw money when all i want shown is some a bunch of numbers
[2016-04-05 14:04:46] rapidtrades : I'm not streaming f video here, not playing a game....no reason to clog up my shit
[2016-04-05 14:14:02] sleger : how many tabs do you have open ?
[2016-04-05 14:16:15] j8 : for a while it seemed like the memory usage was better, but now i actually see 3.1 GB used by bitmex tab..
[2016-04-05 14:21:50] sleger : but it goes down if you refresh ?
[2016-04-05 14:22:16] nip : no point diagnosing it they already know its the chart
[2016-04-05 14:23:16] nip : sometimes it takes more memory until the process crashes
[2016-04-05 14:24:03] nip : the fix? just drag the chart to 0 size and back from time to time
[2016-04-05 14:24:14] sleger : they also "know" that discussing why the settlement fees are twice what they should be is "a moot point"
[2016-04-05 14:24:28] rapidtrades : sleger: 5
[2016-04-05 14:25:15] sleger : rapidtrades: the laggy part is just you so not sure why you keep complaining (about bitmex bitfinex etc...) when the problem is that you have a shitty very old laptop
[2016-04-05 14:25:46] nip : sleger: from my experience its unusual to charge settlement fees at all
[2016-04-05 14:26:04] nip : i just avoid the daily and 48h contracts
[2016-04-05 14:26:17] sleger : nip: most btc exchanges do it because they charge fee on position opening
[2016-04-05 14:26:20] rapidtrades : sleger: as u can see, its a problem for everyone
[2016-04-05 14:26:30] sleger : but at least they charge the same fee for closing and settling
[2016-04-05 14:26:48] sleger : rapidtrades: no, they mention memory growth which does happen but doesnt slow it down on modern computers
[2016-04-05 14:27:05] rapidtrades : sleger: pls pleb, go back to data mining
[2016-04-05 14:27:06] hitme1 : I wish there was an automatic rollover. Hate it when the contracts settle, and i just want to get back in at breakeven
[2016-04-05 14:27:48] nip : my issue is that they liquidated me in cross margin mode because open orders were using all my margin
[2016-04-05 14:28:00] sleger : i avoid taking large positions in anything shorter than 7D now as settlement fees just kill you, I checked once and just fees would kill you over 40% pa on daily
[2016-04-05 14:28:06] nip : i expected the orders to be cancelled or rejected
[2016-04-05 14:28:40] nip : 3 btc maintenance margin and about 11 btc initial margin got me liquidated in cross margin mode when my account hit 14 btc
[2016-04-05 14:28:43] sleger : nip: thats what the admin told you last time, it would cancel the open orders first. If that wasnt the case you should open a support ticket discuss with them first to understand what really happened
[2016-04-05 14:29:08] sleger : if you are right they should pay you back
[2016-04-05 14:29:14] sleger : if you are wrong you shouldnt spread fud
[2016-04-05 14:29:43] sleger : rapidtrades: who's the pleb ? you are using a shitty old laptop and AOL connection and complain about laggy websites all the time ....
[2016-04-05 14:30:00] nip : sleger: would you like me to send you the support response?
[2016-04-05 14:30:02] sleger : pleb : "an ordinary person, especially one from the lower social classes."
[2016-04-05 14:30:20] sleger : nip: you should post it here if you think it is not ok
[2016-04-05 14:30:56] sleger : in my experience they are pretty open to public discussions as they are confident they are being fair
[2016-04-05 14:31:14] rapidtrades : sleger: so? I'm thrifty...plus I'd rather spend my money on travel then on expensive laptop
[2016-04-05 14:31:49] sleger : rapidtrades: yes but then no need to complain on the chat every single day about it, buy a new laptop or suffer in silence
[2016-04-05 14:32:06] rapidtrades : it's a problem for everyone, dude ^^^
[2016-04-05 14:32:11] hitme1 : but you keep complaining its causing you problems.Especially if you use your computer for work and spend a lot of time on it. Buy your comfort.
[2016-04-05 14:32:30] rapidtrades : idk maybe if arbing here starts to make sense
[2016-04-05 14:33:11] nip : "When trading a DPE contract, margin is locked versus that position which produces an exact liquidation price. Because of how volatile the underlying markets are, we immediately liquidate a position once the liquidation price has been breached irregardless of any open orders that attract additional margin."
[2016-04-05 14:33:33] rapidtrades : another problem is they log u out after 5 mins....so unless u want to log in/out all the time, u have to let it clog up resources
[2016-04-05 14:34:01] rapidtrades : after u close the tab, u have to get back in after 5 mins or ur logged out ^^^
[2016-04-05 14:34:11] sleger : nip: that's not what they somewhat said in the chat, I agree with you it's not fair.
[2016-04-05 14:34:42] rapidtrades : yeah they said smth different in chat
[2016-04-05 14:34:46] sleger : open orders should be canceled and then if still necessary position should be liquidated
[2016-04-05 14:35:01] nip : yeah i pointed out that it would never be acceptable in the industry, and their documents even say they cancel open orders first
[2016-04-05 14:35:09] nip : they insisted the DPE was different and it was working as intended
[2016-04-05 14:35:30] nip : I actually considered filling my liquidation order myself!
[2016-04-05 14:35:34] sleger : they will probably never admit it but silently fix the bug
[2016-04-05 14:37:30] rapidtrades : the guy above me said it clogs up 3 GB...for me its lower but whats the point of upgrading if all it does is allow bitmex to clog up more
[2016-04-05 14:38:11] rapidtrades : guess i should buy alienware just so i can run mex
[2016-04-05 14:38:14] sleger : using ram doesnt slow the system down until very large amount. Anyways someone already told you how to avoid it : minimize the chart that you dont want to see anyways
[2016-04-05 14:38:36] rapidtrades : its minimized
[2016-04-05 14:38:43] BitMEX_Sam : rapidtrades: This is a combination of multiple bugs, both of them out of our control
[2016-04-05 14:38:48] BitMEX_Sam : The first is the chart, which leaks memory like a sieve
[2016-04-05 14:38:55] BitMEX_Sam : The other is Chrome itself, which does not reclaim memory on a refresh
[2016-04-05 14:39:02] rapidtrades : BitMEX_Sam: on FF here
[2016-04-05 14:39:06] BitMEX_Sam : FF does it as well
[2016-04-05 14:39:10] sleger : BitMEX_Sam: closing tab and reopening fix it ?
[2016-04-05 14:39:21] BitMEX_Sam : Yes, but you have to start a new tab, not ctrl-shift-T to reopen
[2016-04-05 14:39:25] rapidtrades : well crap
[2016-04-05 14:39:33] rapidtrades : ok let me try
[2016-04-05 14:39:38] BitMEX_Sam : rapidtrades: I've seen Chrome have *much* better perf than FF on BitMEX
[2016-04-05 14:39:52] BitMEX_Sam : I'm working to trace it down but over 50% of the frame time is stuck in painting, not in app logic
[2016-04-05 14:40:03] sleger : BitMEX_Sam: but have you tried on a 486 processor like rapid uses ?
[2016-04-05 14:40:17] BitMEX_Sam : I was actually just thinking today of running a program to throttle my personal laptop so these problems are more evident
[2016-04-05 14:40:30] BitMEX_Sam : It's a problem that most developers have powerful machines and can't see these issues because they don't experience them
[2016-04-05 14:41:37] rapidtrades : that's why for asked option to not even load the chart...i have it minimized...right now there's a blank square in the middle of my interface...and ironically its that blank space that f*cks me up
[2016-04-05 14:41:50] BitMEX_Sam : rapidtrades: Switch to the Advanced mode
[2016-04-05 14:42:11] BitMEX_Sam : Then you can just drag it out of the way.
[2016-04-05 14:42:30] rapidtrades : BitMEX_Sam: but i already have it minimized?
[2016-04-05 14:42:35] BitMEX_Sam : I recently added the option to switch to the single-column orderbook in Advanced mode, so there shouldn't be much reason to stick with Basic since you've been on the site for a while
[2016-04-05 14:42:46] BitMEX_Sam : Right - memory usage is the same, I am referring to the gaping hole in your layout
[2016-04-05 14:43:10] rapidtrades : look dude...basic doesn't need a chat, kill it
[2016-04-05 14:43:28] sleger : no more chat for you, yeahhhhhhh
[2016-04-05 14:43:34] sleger : :p
[2016-04-05 14:43:39] rapidtrades : chart**
[2016-04-05 14:44:30] rapidtrades : there's no chart shows on any other trading interface...dunno why we constantly have to re-invent the wheel here
[2016-04-05 14:45:55] BitMEX_Sam : There are plenty of other interfaces with charts
[2016-04-05 14:46:53] nip : sleger: I had a short of 3868 eth liquidated at 0.02902 with a healthy donation to the insurance fund over the bug i mentioned earlier.
[2016-04-05 14:46:56] rapidtrades : like what btc-e?
[2016-04-05 14:47:16] rapidtrades : they have mt4 which is slighting fast compared to browser tech
[2016-04-05 14:47:52] rapidtrades : any 3rd party software thats bitmex compatible?
[2016-04-05 14:48:00] rapidtrades : maybe i can use that instead
[2016-04-05 14:48:15] BitMEX_Sam : Yeah, vbmithr was working on Sierra Chart compatibility through DTC
[2016-04-05 14:48:21] BitMEX_Sam : Not sure of the status but he had pricing data going through it at least
[2016-04-05 14:48:27] BitMEX_Sam : http://bitsouk.com/
[2016-04-05 14:49:10] rapidtrades : tnx
[2016-04-05 14:56:24] hitme1 : All i can say is i've never had lagging problems on a 2009 macbook with 4gb RAM, using chrome
[2016-04-05 14:56:49] hitme1 : mid-2010* sorry, still old
[2016-04-05 16:19:44] rapidtrades : hitme1: who the f are u pleb
[2016-04-05 16:19:52] rapidtrades : first time im seeing u here
[2016-04-05 16:36:48] sleger : why do you call everyone pleb. You're the only one here with a pre-Pentium area laptop
[2016-04-05 16:37:39] sleger : no problem either with macbook pro 2015 with 16gb of ram btw
[2016-04-05 16:51:49] rapidtrades : oh a 16 gb ram...clearly that's standard and not at all high-end
[2016-04-05 16:52:55] rapidtrades : maybe i should buy a new PC and just f*cking log it on airplanes
[2016-04-05 16:55:26] rapidtrades : hell even 8gb isn't standard on most new ultrabooks
[2016-04-05 17:02:10] sleger : 8gb is the min on a new pc
[2016-04-05 17:05:45] hitme1 : rapidtrades: get REKT
[2016-04-05 17:31:21] REKT : Liquidated long on `ETH7D`: Sell 30 @ 0.02509
[2016-04-05 17:31:36] REKT : Liquidated long on `ETH7D`: Sell 3 @ 0.02508 :punch: :whale:
[2016-04-05 17:36:36] REKT : Liquidated long on `ETH7D`: Sell 2030 @ 0.02466
[2016-04-05 17:44:16] uiop : SOME FOLKS ARE SELLING THE ETHERBUX
[2016-04-05 17:44:49] uiop : moment of truth for if another downleg
[2016-04-05 17:45:00] uiop : (on 1min chart)
[2016-04-05 17:47:41] uiop : still moment of truthing
[2016-04-05 17:59:48] BTCVIX : nip: you there
[2016-04-05 18:02:35] uiop : zzzzzzz
[2016-04-05 18:03:36] BTCVIX : nip: I am not sure there is an exact liquidation price considering they use the "fair market pricing" system
[2016-04-05 18:06:29] nip : BTCVIX: I understand the fair market pricing and think its perfectly reasonable.
[2016-04-05 18:06:55] BTCVIX : nip: at least what you are explaining to me it sounds like you are correct though
[2016-04-05 18:08:55] nip : I'm sure I am, and everyone I have mentioned it to has agreed so far.
[2016-04-05 18:09:07] Bauer : BTC has been quite bullish
[2016-04-05 18:09:22] j8 : nip: were they on cross margin or isolated?
[2016-04-05 18:09:25] Bauer : I wonder what happens when china wakes up
[2016-04-05 18:09:35] nip : j8: cross
[2016-04-05 18:10:01] j8 : if you have multiple positions on cross, the liquidation price can change
[2016-04-05 18:10:09] BTCVIX : nip: have you spoken to Sam , Arthur or Wally about it ? and what have they said ?
[2016-04-05 18:10:21] tscha : nip: I agree it's more reasonable and they should change it. But did they claim something else at some point?
[2016-04-05 18:10:44] habibi : btw u get liquidated on all positions or only first that reached liquidation price?
[2016-04-05 18:11:19] nip : i spoke to wally and arthur, they agreed it was due to open orders, i was liquidated on one of my 3 positions
[2016-04-05 18:12:00] habibi : open orders or positions?
[2016-04-05 18:12:16] nip : open orders
[2016-04-05 18:12:32] BTCVIX : nip: did you find anything in the documents
[2016-04-05 18:13:09] habibi : oh i thought they are just cancelled to make spare funds to cover more margin
[2016-04-05 18:13:26] BTCVIX : habibi: that was my understanding as well
[2016-04-05 18:13:33] nip : habibi: thats what i expected
[2016-04-05 18:13:46] tscha : Did they ever claim that? I don't think so
[2016-04-05 18:14:30] BTCVIX : Margin Call Excess Margin dips below 0% THEN 0% < Excess Margin < Target Excess Margin Close all open orders. Unable to open new positions. Unable to increase existing positions.
[2016-04-05 18:14:43] BitMEX_Sam : That's true on the XBU contracts because they are portfolio margined, but DPE contracts use a different system
[2016-04-05 18:14:47] BTCVIX : only apply to BitMEX XBU
[2016-04-05 18:15:18] BTCVIX : might want to make that clear @BitMEX_Sam as your documents suck to put it lightly
[2016-04-05 18:15:34] BitMEX_Sam : Thanks BTCVIX :+1:
[2016-04-05 18:15:41] BTCVIX : no problem
[2016-04-05 18:15:47] nip : i was seriously debating filling my own liquidation order as i had several times the margin needed to do so
[2016-04-05 18:15:51] nip : that was a strange position to be in
[2016-04-05 18:16:23] BTCVIX : as you could see your liquidation on the books just sitting there -- and you thought about opening a position in to it ?
[2016-04-05 18:16:31] nip : yeah
[2016-04-05 18:16:39] BTCVIX : that is an interesting situation to be in
[2016-04-05 18:16:48] nip : i had about 10 btc available and it would have taken under 3 to hold the position
[2016-04-05 18:17:34] j8 : BitMEX_Sam: so on DPE contracts, open orders aren't canceled before forced liquidation?
[2016-04-05 18:17:43] BitMEX_Sam : Not on other contracts
[2016-04-05 18:17:46] BTCVIX : j8: that is correct
[2016-04-05 18:18:32] habibi : BitMEX_Sam: any serious reason why is that?
[2016-04-05 18:18:39] j8 : on cross margin they really should be.
[2016-04-05 18:18:55] nip : orders are more likely to get you liquidated than positions as initial margin is higher than maintenance margin requirement!
[2016-04-05 18:19:16] BTCVIX : nip: this is a really good point ^^
[2016-04-05 18:19:43] BTCVIX : don't worry I am sure BitMEX Sam has an answer for us
[2016-04-05 18:19:52] BitMEX_Sam : The issue has to do with the comprehensive risk checks we run, and the time they take - we are planning to support canceling orders in other contracts soon
[2016-04-05 18:20:04] BTCVIX : "soon"
[2016-04-05 18:20:12] BTCVIX : yes ... very "soon"
[2016-04-05 18:20:20] BTCVIX : but glad you are "working on it"
[2016-04-05 18:20:34] nip : BitMEX_Sam: maint_margin > margin_balance ?
[2016-04-05 18:20:39] nip : takes 1 cycle at most
[2016-04-05 18:21:01] BitMEX_Sam : It doesn't, because orders would need to canceled one by one and the full portfolio remargined
[2016-04-05 18:21:02] BTCVIX : at the very least I do think that should be articulated in the documents -- I am not seeing much on the DPE FAQ in regards to that
[2016-04-05 18:21:16] BitMEX_Sam : The FAQ makes it clear that once a position reaches the liquidation price, it is liquidated
[2016-04-05 18:21:36] BitMEX_Sam : Liquidation price is made quite prominent.
[2016-04-05 18:21:40] BTCVIX : but you should do more to distinguish the differences in contracts
[2016-04-05 18:22:04] tscha : Though I gotta say that I don't understand why someone would just expect the system cancelling orders automatically, when there is no mention about it in the docs. Pretty risky gamble.
[2016-04-05 18:22:26] BTCVIX : nip: appears to have made an honest mistake -- I am sure if he was aware of the protocol being DIFFERENT then he wouldn't have had open orders
[2016-04-05 18:23:09] BTCVIX : tscha: it mentions it on the other docs that are labeled MARGIN CALL ?LIQUIDATION -- so I can see from UI UX standpoint how people would confuse this
[2016-04-05 18:23:34] nip : i believe the dpe docs reference maintenance margin as well
[2016-04-05 18:24:06] nip : the result was me being forced out of my eth position at 0.02902 and making a large donation to the insurance fund
[2016-04-05 18:24:23] BTCVIX : the idea is to .... welll.. be transparent ... that means being CLEAR about how things work -- I think it is a little confusing having a page labeled that and then one for DPE -- most people that come on have no idea what DPE is so it easily get confused where those rules apply
[2016-04-05 18:25:29] BitMEX_Sam : It quite clearly states that the below rules only apply for XBU and to see the other doc for DPE rules
[2016-04-05 18:25:39] BTCVIX : to me it just looks like they were lazy and didn't want to re-write the document FAQs properly
[2016-04-05 18:25:46] BTCVIX : it is more like a footnote
[2016-04-05 18:26:12] BTCVIX : BitMEX_Sam: sure -- but people are confused so that UI UX issue that is on the exchange
[2016-04-05 18:26:15] nip : BitMEX will specify an initial and maintenance margin for each contract. For example, a contract with 25x leverage will have a 4% initial margin and 1% maintenance margin. If the maintenance margin level is breached, the trader will be liquidated at their bankruptcy price.
[2016-04-05 18:26:28] nip : that is what the other doc says, correct?
[2016-04-05 18:26:33] tscha : nip: where in the docs do you get an impression that open orders are canceled before liquidation?
[2016-04-05 18:26:48] nip : tscha: because every other futures exchange in the history of the world does that
[2016-04-05 18:27:46] BTCVIX : nip: well I wouldn't assume bitmex is the same -- they are a parimutal betting platform at least with DPE -- but I just think the docs should be clearer on this
[2016-04-05 18:28:42] tscha : nip: ok. just wanted to check if there is a mistake / false impression in the docs, because from what I see, there isn't
[2016-04-05 18:28:56] tscha : though I agree that it should be changed and open orders should be canceled
[2016-04-05 18:28:59] j8 : tscha: on the page https://www.bitmex.com/app/marginCall , but there's a note that that only applies to XBU
[2016-04-05 18:29:08] BitMEX_Sam : I'm going to make the docs more clear on this.
[2016-04-05 18:29:16] nip : tscha this is what the dpe doc says
[2016-04-05 18:29:17] nip : "BitMEX will specify an initial and maintenance margin for each contract. For example, a contract with 25x leverage will have a 4% initial margin and 1% maintenance margin. If the maintenance margin level is breached, the trader will be liquidated at their bankruptcy price."
[2016-04-05 18:29:21] BTCVIX : BitMEX_Sam: has the world ended ?
[2016-04-05 18:29:23] BTCVIX : wow
[2016-04-05 18:29:32] nip : my maintenance margin level was not breached
[2016-04-05 18:29:37] BTCVIX : making things more clear -- applause please
[2016-04-05 18:30:01] BitMEX_Sam : nip: It was, your excess margin was less than the maintenance margin requirement
[2016-04-05 18:30:20] BitMEX_Sam : Rather, you had 0 excess margin
[2016-04-05 18:30:55] BTCVIX : BitMEX_Sam: I see your point but making things clearer should avoid this situation in the future
[2016-04-05 18:31:03] BitMEX_Sam : :+1:
[2016-04-05 18:32:39] BTCVIX : nip: I definitely understand your confusion -- hopefully this works out for you -- if I were @BitMEX_Sam I would probably reach out to as a user in a good faith effort and offer some form of reprive -- you sound like you really want to use the platform more and are interested -- just got confused and burned on this one thing
[2016-04-05 18:42:38] BTCVIX : BitMEX_Sam: also only 1 contract series use that system highlighted under "Margin Call and Liquidation" -- how many series do you have now ? 7d, 24hr, 48hr, ETH, FACT, A50 ? so 1/7 of the contracts used that system yet it is the most likely thing someone is going to click on when they have questions about margin call/liqiudation
[2016-04-05 18:43:15] BitMEX_Sam : Yeah, that's a good point - I'll split the docs out. Things have changed so much on the platform that the docs have gotten a bit disorganized
[2016-04-05 18:43:39] BitMEX_Sam : The series are by rootSymbol btw - so XBU, XBT, ETH, FCT, A50
[2016-04-05 18:43:55] BTCVIX : BitMEX_Sam: agreed -- good that you recognize how this can lead to confusion
[2016-04-05 18:44:50] BTCVIX : but yeah so XBU vs XBT, ETH, FCT, A50 -- only the one using the non-DPE system -- I am not going to beat this anymore -- you seem to understand
[2016-04-05 20:16:09] BitMEX_Sam : Reworked the structure of the docs, new starting point at https://www.bitmex.com/app/tradingOverview and a clearer distinction between most contracts and XBU
[2016-04-05 20:59:36] uiop : eth banga incoming
[2016-04-05 21:01:51] REKT : Liquidated long on `ETH7D`: Sell 978 @ 0.02449
[2016-04-05 21:04:28] uiop : we got some srs moment of truthing rite here
[2016-04-05 21:04:31] uiop : yessir
[2016-04-05 21:04:43] uiop : https://cryptowat.ch/poloniex/ethbtc/1m
[2016-04-05 21:16:49] uiop : it's a nailbiter
[2016-04-05 21:22:23] uiop : TICK TOCK
[2016-04-05 21:56:22] REKT : Liquidated long on `ETH7D`: Sell 12 @ 0.02433
[2016-04-05 22:05:07] REKT : Liquidated long on `ETH7D`: Sell 290 @ 0.02424
[2016-04-05 22:08:58] uiop : SOME
[2016-04-05 22:09:00] uiop : FOLKS
[2016-04-05 22:09:00] uiop : ARE
[2016-04-05 22:09:02] uiop : SELLING
[2016-04-05 22:13:58] chessnut : woop wooop
[2016-04-05 22:14:08] habibi : awsome
[2016-04-05 22:14:21] REKT : Liquidated long on `ETH7D`: Sell 16 @ 0.02387
[2016-04-05 22:15:15] chessnut : i just came to short
[2016-04-05 22:15:56] habibi : a little bit risky place to do but yea hope it will futher
[2016-04-05 22:21:36] REKT : Liquidated short on `ETH7D`: Buy 105 @ 0.02449
[2016-04-05 22:21:54] nip : REKT: really...?
[2016-04-05 22:22:15] chessnut : is REKT a bot?
[2016-04-05 22:22:42] nip : no, REKT is the guy who liquidates shorts on ETH7D
[2016-04-05 22:22:55] chessnut : cool
[2016-04-05 22:22:58] BitMEX_Sam : chessnut: :) It's a bot
[2016-04-05 22:22:59] nip : very cool
[2016-04-05 22:23:06] BitMEX_Sam : He's connected to our websocket liquidation feed
[2016-04-05 22:23:12] BitMEX_Sam : Run by the user @micmix
[2016-04-05 22:23:16] chessnut : hehe thought so
[2016-04-05 22:23:42] BitMEX_Sam : We were going to add our own feed, but he got to it before we had the development time to implement it ourselves - he injects a bit of humor into it, which we enjoy
[2016-04-05 22:24:30] uiop : lmao https://cryptowat.ch/bitfinex/ethusd/1m
[2016-04-05 22:24:31] uiop : FINEX DOESNT KNOW WHAT TO THINK
[2016-04-05 22:27:26] chessnut : poor old REKT always getting liquidated
[2016-04-05 22:36:20] Cryptolicious : who wants to buy here
[2016-04-05 22:41:45] chessnut : i really dig the custom deposit addresses
[2016-04-05 22:42:01] chessnut : 1BMEX
[2016-04-05 22:42:04] chessnut : lol
[2016-04-05 22:42:41] BitMEX_Sam : chessnut: 3BMEX :)
[2016-04-05 22:43:03] chessnut : even better =D
[2016-04-05 22:43:41] BitMEX_Sam : We're actually, as far as I know, one of the only if not the only organization that does vanity multisig addresses
[2016-04-05 22:43:47] BitMEX_Sam : Wally did a fork to vanitygen himself
[2016-04-05 22:44:13] chessnut : lol
[2016-04-05 22:56:36] REKT : Liquidated short on `ETH7D`: Buy 49 @ 0.02468
[2016-04-05 23:08:47] Cryptolicious : giant spread
[2016-04-05 23:57:09] IChTj4OeMavRq6qeIyEb : Is the .05% settlement fee charged on a XBT48H position when it rolls over to XBT24H?
[2016-04-06 01:32:29] IChTj4OeMavRq6qeIyEb : BitMEX_Sam: ?
[2016-04-06 01:57:37] vbmithr : Hey
[2016-04-06 01:57:54] IChTj4OeMavRq6qeIyEb : Hey how goes it?
[2016-04-06 02:20:42] BitMEX_Wally : IChTj4OeMavRq6qeIyEb: There is no settlement fee when XBT48H becomes XBT24H.
[2016-04-06 02:21:01] IChTj4OeMavRq6qeIyEb : BitMEX_Wally: Thanks!
[2016-04-06 02:26:43] micmix : BitMEX_Wally: I see that you started to re-balance XBT48H. Is it re-balanced at 24H settled price?
[2016-04-06 02:36:23] BitMEX_Wally : micmix: No, that wouldn't be fair
[2016-04-06 02:36:36] BitMEX_Wally : micmix: It is rebalanced at the XBT48H mark price, and then XBT24H inherits that mark price
[2016-04-06 02:37:07] micmix : can I see re-balance price somewhere?
[2016-04-06 02:37:20] BitMEX_Wally : https://www.bitmex.com/app/settlementHistory
[2016-04-06 02:37:32] BitMEX_Wally : Also in your Trade History there is now a 'Rebalance' transaction
[2016-04-06 02:41:29] micmix : ok, thanks. You used to show re-balance price on hover over entry price on the sidebar but it doesn't work anymore. I guess I'll have to ping BitMEX_Sam tomorrow
[2016-04-06 02:44:11] BitMEX_Wally : Well spotted, I'll raise a ticket
[2016-04-06 02:44:34] BitMEX_Sam : That's not a bug -
[2016-04-06 02:44:39] BitMEX_Sam : There is that arrow icon, click it
[2016-04-06 02:45:09] micmix : BitMEX_Sam: ah cool, thanks
[2016-04-06 02:45:38] BitMEX_Sam : Perhaps this is not quite evident enough
[2016-04-06 02:46:46] micmix : IMHO re-balance for XBT48H makes it a bit more complicated for regular users
[2016-04-06 02:47:53] micmix : unrealized PNL doesn't match entry price shown in the UI anymore. most users don't trade quarterly and didn't have to deal with re-balancing before
[2016-04-06 02:48:49] micmix : just my 2 coins :-) I understand that you are doing it for our benefit, to release our profits
[2016-04-06 02:49:39] micmix : well most users don't trade 48H either, so maybe it's not a concern
[2016-04-06 02:50:59] micmix : BitMEX_Sam: that arrow icon looks like 'swap', maybe something like 'info' would be better
[2016-04-06 02:58:56] BitMEX_Sam : :+1: That's a good suggestion
[2016-04-06 03:02:49] IChTj4OeMavRq6qeIyEb : :bitcoin:
[2016-04-06 03:03:15] IChTj4OeMavRq6qeIyEb : `test`
[2016-04-06 03:03:23] IChTj4OeMavRq6qeIyEb : `:bitcoin:`
[2016-04-06 03:03:33] IChTj4OeMavRq6qeIyEb : Had to figure out how I did that again
[2016-04-06 03:04:22] BitMEX_Sam : IChTj4OeMavRq6qeIyEb: See http://www.emoji-cheat-sheet.com/
[2016-04-06 03:04:28] BitMEX_Sam : Most of those should work here.
[2016-04-06 03:17:10] IChTj4OeMavRq6qeIyEb : :smirk:
[2016-04-06 03:17:12] IChTj4OeMavRq6qeIyEb : Cool
[2016-04-06 03:17:50] IChTj4OeMavRq6qeIyEb : My trading balance :chart_with_downwards_trend:
[2016-04-06 04:07:16] BitMEX_Arthur : Anyone who is interested in providing feedback on contract terms for our exchange default futures please send me an email arthur@bitmex.com
[2016-04-06 04:19:00] IChTj4OeMavRq6qeIyEb : BitMEX_Arthur: Is there a survey of some sort or just any feedback in general?
[2016-04-06 04:29:10] BitMEX_Arthur : IChTj4OeMavRq6qeIyEb: There will be a draft contract terms shared with people over a google docs and then people can comment
[2016-04-06 04:45:04] IChTj4OeMavRq6qeIyEb : BitMEX_Arthur: Why are the contracts changing?
[2016-04-06 05:10:27] BitMEX_Arthur : IChTj4OeMavRq6qeIyEb: it is a new product that will help traders buy insurance against the default of an exchange
[2016-04-06 05:10:34] BitMEX_Arthur : and other traders will sell it to them
[2016-04-06 05:11:23] mwalshe99 : exchange default?
[2016-04-06 05:11:23] IChTj4OeMavRq6qeIyEb : Ohh got it. Very cool. I thought you meant default as in the standard contracts like XBT24H
[2016-04-06 05:11:52] mwalshe99 : you guys gonna bet big on your own failure?
[2016-04-06 05:12:11] IChTj4OeMavRq6qeIyEb : mwalshe99: Other exchanges of course haha, not BitMEX
[2016-04-06 05:12:26] mwalshe99 : oh thank fuck for that
[2016-04-06 05:12:43] mwalshe99 : got reall concerned there
[2016-04-06 05:13:25] IChTj4OeMavRq6qeIyEb : `:bitcoin:`
[2016-04-06 05:13:39] IChTj4OeMavRq6qeIyEb : <blink>blink still work</blink>
[2016-04-06 05:13:51] IChTj4OeMavRq6qeIyEb : Thought that was fixed haha
[2016-04-06 05:20:16] IChTj4OeMavRq6qeIyEb : **:bitcoin:**
[2016-04-06 05:24:10] vbmithr : exchange defualt futures?
[2016-04-06 05:30:18] nip : vbmithr: for example it might settle at 1 btc if the woodchipper gets goxed by september and settle at 0 otherwise
[2016-04-06 05:30:30] nip : at least thats what i assume we're talking about
[2016-04-06 05:44:33] BitMEX_Arthur : nip: yes the question is what constitutes a default
[2016-04-06 05:45:34] BitMEX_Arthur : We floated the idea a while back but now Wally is working on implementin them in the trading engine
[2016-04-06 05:50:52] miramm1115 : BitMEX_Arthur: how about a contract for okc socialized losses, so we could insurance against clawbacks
[2016-04-06 05:51:06] miramm1115 : * buy insurance
[2016-04-06 06:25:03] splash : BitMEX_Arthur: is there short keys for opening the calculator?
[2016-04-06 06:25:12] BitMEX_Arthur : miramm1115: not likely to appear here as we would rather you just trade our futures product
[2016-04-06 06:25:25] BitMEX_Arthur : splash: not that I'm aware of I'll ask Sam
[2016-04-06 06:25:35] splash : BitMEX_Arthur: it would be real nice to have :)
[2016-04-06 06:25:37] splash : :)
[2016-04-06 06:26:00] miramm1115 : BitMEX_Arthur: fair point
[2016-04-06 06:27:35] splash : BitMEX_Arthur: Ive got another request. I personally always think in percentage points when I calc my risk. It would be super nice if I could insert my risk, in percentage, and have the calculator calc how many contracts I should work with
[2016-04-06 06:28:42] splash : i.e. instead of inuting number of contracts and have the calc tell me how many bitcoins i will loose, it would be nice if I can say how many bitcoins I can accept loosing and then have the calc outputing how many contracts i should work with
[2016-04-06 06:30:04] splash : BitMEX_Arthur: when clicking the Profis/Loss field, it could turn into an input field and the contract input turns into ordinary text. that would do it for me
[2016-04-06 07:37:46] Kahuna : factom going down. shorting to motha :-)
[2016-04-06 08:24:01] REKT : Liquidated long on `XBT24H`: Sell 400 @ 421.68
[2016-04-06 08:52:32] REKT : Liquidated long on `XBT24H`: Sell 4700 @ 421.21
[2016-04-06 09:03:51] Kahuna : bye bye factom. please go to zero
[2016-04-06 09:19:21] REKT : Liquidated short on `ETH7D`: Buy 2200 @ 0.02497
[2016-04-06 09:20:36] REKT : Liquidated short on `ETH7D`: Buy 55 @ 0.02511
[2016-04-06 09:20:51] REKT : Liquidated short on `ETH7D`: Buy 251 @ 0.02515
[2016-04-06 09:27:07] REKT : Liquidated short on `ETH7D`: Buy 99 @ 0.02548
[2016-04-06 09:53:21] REKT : Liquidated short on `ETH7D`: Buy 2 @ 0.02580 :punch: :whale:
[2016-04-06 11:37:49] Bauer : How can the sell price in my liquidation be lower than the lowest price in markets?
[2016-04-06 11:39:27] Bauer : The forced sell in my liquidation was at 419.09 and lowest sells at that time were 420.98 =o
[2016-04-06 11:41:03] Bauer : If charts here are correct
[2016-04-06 11:41:20] BombaUcigasa : DPE
[2016-04-06 11:41:26] j8 : then it got filled on the way to 419.09
[2016-04-06 11:42:34] BitMEX_Arthur : Bauer: You close out order is filled at your bankruptcy price, which is lower than your liquidation price
[2016-04-06 11:43:49] BitMEX_Arthur : The trading engine then attempts to close your order out in the market better than the bankruptcy price
[2016-04-06 11:44:28] Bauer : Ok.. So basically at liquidation every penny is gone it seems?
[2016-04-06 11:45:15] Bauer : That is in the contracts
[2016-04-06 11:49:54] BitMEX_Wally : Yes, the position and any remaining margin is taken over by the system and closed out.
[2016-04-06 11:50:08] BitMEX_Wally : https://www.bitmex.com/app/dynamicProfitEqualisation
[2016-04-06 14:05:41] nip : does anyone here trade the factom futures?
[2016-04-06 14:13:37] REKT : Liquidated long on `ETH7D`: Sell 25 @ 0.02515
[2016-04-06 14:15:33] BitMEX_Greg : nip: What are your thoughts about Factom anyway?
[2016-04-06 14:33:49] nip : BitMEX_Greg: no idea what it is. i just want to trade it long or short either way!
[2016-04-06 14:37:43] nip : i wish there were longer dated futures for ETH A50 and FCT
[2016-04-06 14:37:57] nip : also it is impossible to roll right now
[2016-04-06 14:54:05] sleger : yes it's true, there is so much liquidity on a50 for instance that we should split it across multiple maturities
[2016-04-06 14:59:10] nip : i'd like to hold long term positions in alts here
[2016-04-06 14:59:40] nip : quarterlies would be ideal
[2016-04-06 15:01:03] j8 : wow 6 days since the last trade on A50
[2016-04-06 15:01:21] nip : 111 btc in open interest isnt too bad though
[2016-04-06 15:03:55] seaplusplus : my open orders are not showing on the chart
[2016-04-06 15:03:58] seaplusplus : how can I fix that
[2016-04-06 15:03:58] seaplusplus : ?
[2016-04-06 15:07:53] BitMEX_Wally : seaplusplus: They might be quite low down. Scale the chart by dragging the price axis
[2016-04-06 15:22:45] BitMEX_Greg : nip: What type of length would you be happy with for a longer term contract on ETH?
[2016-04-06 15:23:26] nip : quarterly would be ideal
[2016-04-06 15:23:45] nip : in the current weekly only format it is impossible to manage a long term position
[2016-04-06 15:23:59] BitMEX_Greg : Leverage would need to be toned down however given the volatility
[2016-04-06 15:24:50] nip : yeah that makes sense
[2016-04-06 15:25:18] BitMEX_Greg : Do you usually trade with the 25x max leverage anyway?
[2016-04-06 15:25:52] nip : no
[2016-04-06 15:26:26] nip : i use cross margin and dont plan on being liquidated
[2016-04-06 15:26:49] BitMEX_Greg : Right,
[2016-04-06 15:26:51] nip : lower leverage would be fine
[2016-04-06 15:27:20] BitMEX_Greg : I'll run it past the guys, see what type of leverage we can utilise for a quarterly
[2016-04-06 15:31:10] j8 : i figure it would be hard to get liquidity on an eth quarterly. it would be super volatile
[2016-04-06 15:35:13] nip : i would be happy with some liquidity some of the time
[2016-04-06 15:38:47] BitMEX_Greg : That's my concern, a quarterly contract would be difficult. Bitcoin has an established forward curve already. However, if there is interest in a quarterly then we can take a look into it
[2016-04-06 15:39:53] nip : its not a quanto series so it shouldnt be too difficult to value
[2016-04-06 15:43:34] j8 : i guess the volatile premiums partly come from high leverage, the old XBU quarterlies never got bought up like on okc
[2016-04-06 17:15:04] mpkomara : ANYONE RIDIN SPINNERS?
[2016-04-06 17:15:35] nip : mpkomara: name a market and i will trade either side of it
[2016-04-06 17:15:42] nip : except for xbu of course
[2016-04-06 17:17:00] mpkomara : https://poloniex.com/exchange#btc_cga
[2016-04-06 17:17:09] mpkomara : i want this added
[2016-04-06 17:17:14] mpkomara : i LOVE enjoyable gambles
[2016-04-06 17:18:30] nip : i would rather see monero added
[2016-04-06 17:22:29] habibi : i would rather see altmex in general with more shitcoins to trade :p
[2016-04-06 17:24:14] mpkomara : i love shitcoins
[2016-04-06 17:24:19] mpkomara : its like surfing
[2016-04-06 17:29:57] aaa10247 : can you lend out eth or btc on bitmex to other traders for interest?
[2016-04-06 17:36:55] BitMEX_Wally : No, but you can short a future and earn the basis.
[2016-04-06 17:37:07] BitMEX_Wally : For example XBTU16 is trading at $534
[2016-04-06 17:39:55] BitMEX_Wally : So if you sold the future at $534 and bought spot at $421 and hold until expiry in September you are effectively earning 50% interest rate on a per annum basis
[2016-04-06 17:41:11] aaa10247 : got it. thank you. will look into this further.
[2016-04-06 17:57:59] sleger : BitMEX_Wally: that is not true
[2016-04-06 17:58:04] sleger : prices can move
[2016-04-06 17:58:12] sleger : and the hedge does not work